Ultra Clean - UCTT Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ultra Clean in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" UCTT shares.
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3 Wall Street analysts have issued 12-month price targets for Ultra Clean's shares. Their UCTT share price forecasts range from $32.00 to $39.00. On average, they predict the company's stock price to reach $36.20 in the next twelve months. This suggests a possible upside of 9.2% from the stock's current price.
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Ultra Clean's stock was trading at $33.15 at the beginning of 2023. Since then, UCTT stock has increased by 0.0% and is now trading at $33.16.
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Ultra Clean saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 1,280,000 shares, an increase of 34.3% from the February 28th total of 953,100 shares. Based on an average daily volume of 313,400 shares, the days-to-cover ratio is currently 4.1 days. Approximately 2.9% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
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Ultra Clean Holdings, Inc. (NASDAQ:UCTT) announced its quarterly earnings results on Tuesday, October, 26th. The semiconductor company reported $1.07 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.06. The semiconductor company earned $553.60 million during the quarter, compared to analyst estimates of $541.53 million. Ultra Clean had a net margin of 1.70% and a trailing twelve-month return on equity of 18.22%. The business's quarterly revenue was up 52.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.67 earnings per share.

ETFs with the largest weight of Ultra Clean (NASDAQ:UCTT) stock in their portfolio include ProShares Nanotechnology ETF (TINY), Invesco Dynamic Semiconductors ETF (PSI), Invesco S&P SmallCap Information Technology ETF (PSCT), Janus Henderson Small Cap Growth Alpha ETF (JSML), Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD), JPMorgan Diversified Return U.S. Small Cap Equity ETF (JPSE), Invesco S&P SmallCap 600 Revenue ETF (RWJ) and Principal U.S. Small-Cap Adaptive Multi-Factor ETF (PLTL).

Ultra Clean issued an update on its first quarter 2023 earnings guidance on Wednesday, February, 22nd. The company provided earnings per share (EPS) guidance of $0.12-$0.32 for the period, compared to the consensus estimate of $0.49. The company issued revenue guidance of $395.00 million-$445.00 million, compared to the consensus revenue estimate of $483.02 million.

35 employees have rated Ultra Clean Chief Executive Officer Jim Scholhamer on Glassdoor.com. Jim Scholhamer has an approval rating of 56% among the company's employees. This puts Jim Scholhamer in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Ultra Clean investors own include Micron Technology (MU), NVIDIA (NVDA), Advanced Micro Devices (AMD), Intelsat (I), Bank of America (BAC), Block (SQ), AMC Entertainment (AMC), Hello Group (MOMO), Cypress Semiconductor (CY) and Fossil Group (FOSL).

Ultra Clean trades on the NASDAQ under the ticker symbol "UCTT."

Ultra Clean's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (5.06%), Shapiro Capital Management LLC (4.14%), Paradigm Capital Management Inc. NY (3.04%), Boston Partners (1.99%), Geode Capital Management LLC (1.90%) and First Republic Investment Management Inc. (1.63%). Insiders that own company stock include Chris Siu, Clarence L Granger, David T Ibnale, Emily M Liggett, Jacqueline A Seto, James P Scholhamer, Jamie J Palfrey, Joan Sterling, Paul Yoonku Cho, Sheri Savage, Thomas T Edman, Vijayan S Chinnasami and William Joe Williams.
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Shares of UCTT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of UCTT stock can currently be purchased for approximately $33.16.

Ultra Clean (NASDAQ:UCTT) has a market capitalization of $1.49 billion and generates $2.37 billion in revenue each year. The semiconductor company earns $40.40 million in net income (profit) each year or $0.87 on an earnings per share basis.

The company employs 7,765 workers across the globe.

Ultra Clean's mailing address is 26462 CORPORATE AVENUE, HAYWARD CA, 94545. The official website for the company is www.uct.com. The semiconductor company can be reached via phone at (510) 576-4400, via email at investors@uct.com, or via fax at 510-576-4401.